news

General Dynamics Awarded $72.5 Million Contract for Abrams Integrated Management Tanks

STERLING HEIGHTS, Mich. – The United States Army Tank–Automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $72.5 million contract for the assembly of 135 Abrams Integrated Management (AIM) tanks and the procurement of long-lead materials for the next production year.

Work under the contract will be done at the General Dynamics-operated Lima Army Tank Plant in Lima, Ohio (67 percent); the General Dynamics Land Systems Scranton Plant in Eynon, Pennsylvania (30 percent); and the Muskegon Plant in Muskegon, Michigan (3 percent). The 135 tanks are scheduled to be delivered by June 2003.

AIM is a joint effort to refurbish M1A1 Abrams main battle tanks involving the Project Manager- Abrams Tank Systems, the United States Army Tank-Automotive and Armaments Command, the Anniston Army Depot in Anniston, Alabama, and General Dynamics Land Systems.

In the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 52,000 people worldwide and had 2001 revenues of $12 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation.

# # #

Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For more information, see Forward Looking Statement.